0
0.0
May 23, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
matt egan reporting. there's more news we're following from number one in the world to potential felony charges that that's what faces the golfer scottie scheffler. we're only moments away from police releasing new video of his arrest last week. what impact could that have on the case? stay with urine. the cnn newsroom assignments are going on the tornado here. >> i'm thinking i'm going to die and i thought that was it fine and earth with liev schreiber premieres june 2 at nine on cnn me handcraft every stearns and foster using the finest materials like indulgent memory foam and ultra conforming inner springs for beautiful mattress. and indescribable comfort, save up to $800 on select adjustable mattress sets at stearns and foster.com oh, cornea asada. it's gotten me. i saw them. that's what i got. igneous saada gotten a got to me. >> got, you. >> see? >> recipe written by lost to time can now be analyzed and restored the power of ai reserving memories and helping to write new allergies with allegro. >> t
matt egan reporting. there's more news we're following from number one in the world to potential felony charges that that's what faces the golfer scottie scheffler. we're only moments away from police releasing new video of his arrest last week. what impact could that have on the case? stay with urine. the cnn newsroom assignments are going on the tornado here. >> i'm thinking i'm going to die and i thought that was it fine and earth with liev schreiber premieres june 2 at nine on cnn me...
0
0.0
May 23, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
. >> yeah, cnn's matt egan joins us now. he's been watching the markets. matt, how much of this has to do with fretting about a potential rate cut well. abortion, brianna, that's right. >> it really is all about concerns about what the fed is going to do next. what's interesting here is that it was just six days ago that the dow closed above 40,000 for the first time ever now you can see it's much closer to 39,000. but the mood can change very quickly on wall street and we are we're seeing that play out today. >> not that long ago. there were a lot of people on wall street who thought the fed was going to be able to cut interest rates as many as six times this year because there were all these hopes that inflation was going to be moving right back to 2%. of course, inflation has proven to be a lot more stubborn than people had anticipated. in the jobs market and the economy at large has been more resilient than anticipated. and so now there are these growing concerns that maybe the fed won't be able to lower interest rates this summer. maybe not even in th
. >> yeah, cnn's matt egan joins us now. he's been watching the markets. matt, how much of this has to do with fretting about a potential rate cut well. abortion, brianna, that's right. >> it really is all about concerns about what the fed is going to do next. what's interesting here is that it was just six days ago that the dow closed above 40,000 for the first time ever now you can see it's much closer to 39,000. but the mood can change very quickly on wall street and we are we're...
0
0.0
May 1, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan is following this. so matt the fed did what was expected and kept the rate steady that's right, alex, the fed just announced it's keeping interest rates unchanged for the sixth, meaning in a row, that means no relief for borrowers first interest rates remain at 23 year high as now, this was largely expected that officials, they tip their hands in recent weeks because of stronger-than-expected inflation reports. >> but the fed did make a significant change to its statement, adding in this line, and i'll read it to you the fed officials, they wrote that in recent months there has been a lack of further progress towards the committees 2% inflation objective. objective. now, prices, of course they're not skyrocketing like they were two years ago. but the cost of living does remain a problem food and housing, those are the big issues. >> but then we've also seen pricing creases for other things like car insurance and the cost to bring your dog or your cat. cat to the vet. >> now, when you think about interes
cnn's matt egan is following this. so matt the fed did what was expected and kept the rate steady that's right, alex, the fed just announced it's keeping interest rates unchanged for the sixth, meaning in a row, that means no relief for borrowers first interest rates remain at 23 year high as now, this was largely expected that officials, they tip their hands in recent weeks because of stronger-than-expected inflation reports. >> but the fed did make a significant change to its statement,...
0
0.0
May 8, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
matt egan is falling the story for u.s. matt. what were some of the takeaways from today's hearing will just give briana this was the first hearing focused on k to 12 schools and alleged incidence of anti-semitism. their school leaders today they try hi to really stress that they take this issue very, very seriously and that they are disciplining students and faculty when they're found to have done something wrong. >> now, one of the many points here is that they're trying to say that these incidents are not as widespread as some of the republican lawmakers have made them out to be now, for instance, in berkeley california district that you just mentioned, where the education department is investigating discriminant get discrimination against jewish students. the superintendent of berkeley tried to say that, yes, students and faculty have made mistakes at times. >> but she said that anti-semitism is not pervasive in that dish okay. now, david banks, deep chancellor of new york city public schools he was asked about an issue that
matt egan is falling the story for u.s. matt. what were some of the takeaways from today's hearing will just give briana this was the first hearing focused on k to 12 schools and alleged incidence of anti-semitism. their school leaders today they try hi to really stress that they take this issue very, very seriously and that they are disciplining students and faculty when they're found to have done something wrong. >> now, one of the many points here is that they're trying to say that...
0
0.0
May 30, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
we have cnn's matt egan joining us now to explain. all right, tell us about this, matt, how does the program work? is there a catch? are they going to be more judicious? it's about who they give these loans two. >> well, bores and briana, we know a lot of people would love to buy right now, but they just don't have enough money for a down payment. and so this major mortgage lender is trying to come up with a solution by getting rid of the down payments all together. now this comes from united wholesale mortgage. they've launched this 0% and down payment mortgage program. yes, 0% down. it's opened a first-time homebuyers and lower-income borrowers. and essentially it's two loans, the first one covers 97% of the value of the home and the second one is the remaining 3% up to $15,000. now, experts are stressing that borrowers really we have to read an understand the fine print here because the good news is that second loan, it's interest free, which is great. and there are no monthly payments. now if there's a catch. it's the fact that th
we have cnn's matt egan joining us now to explain. all right, tell us about this, matt, how does the program work? is there a catch? are they going to be more judicious? it's about who they give these loans two. >> well, bores and briana, we know a lot of people would love to buy right now, but they just don't have enough money for a down payment. and so this major mortgage lender is trying to come up with a solution by getting rid of the down payments all together. now this comes from...
0
0.0
May 22, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
just what happened here yeah. >> matt egan. all right. thanks so much for that reporting up. next tense moments playing out in florida court where donald trump's attorneys are trying to get his classified documents case thrown out all new subway wraps are packed with delicious ingredients in a pillar. we'll advice around family or refreshing lunch to taste them murphy for process leads like me right get off, finish all new rafah subway today. today at america's beverage companies are models might still look the same, but they can be remade in a whole new way. >> thanks to you. we're getting bottles back and we've developed a way to make new ones from 100% recycled plastic, new bottles made using no new plastic we'll be seeing more of these bottles in more places. >> and when we get more of them back we can use less new plastic bottles are made to be remade from roger to we there yet so many ways to st life ready while it happen. that's three, 3605 by whole foods market can the riva support your brain health? >> mary janet, hey eddie, know appraiser, franck, franck, bred. >> h
just what happened here yeah. >> matt egan. all right. thanks so much for that reporting up. next tense moments playing out in florida court where donald trump's attorneys are trying to get his classified documents case thrown out all new subway wraps are packed with delicious ingredients in a pillar. we'll advice around family or refreshing lunch to taste them murphy for process leads like me right get off, finish all new rafah subway today. today at america's beverage companies are...
0
0.0
May 3, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
matt egan. thank you so much. appreciate it oh, donald trump is going back to court this morning after an explosive de of testimony, secret phone call recordings, trump and michael cohen talking about the hush money deal on tape and something of a debate from the courtroom on the definition of a sexual and romantic affair. >> and some tense confrontations with one attorney on the stand. so what could today bring joining us right now is defense attorney and former prosecutor randy's ellen, and cnn legal analyst and former us attorney michael moore. thanks you guys for being here. michael, let's start with those audio tapes it's prosecutors use the recorded phone call between michael cohen and trump to really bring the trials two main characters together. for the first time, trying to show trump was directly involved with the payments and the scheme that's at the center of all this. what does the jury take from this? >> well, i'm glad to be with me this morning. the prosecutors were probably itching to get the tapes
matt egan. thank you so much. appreciate it oh, donald trump is going back to court this morning after an explosive de of testimony, secret phone call recordings, trump and michael cohen talking about the hush money deal on tape and something of a debate from the courtroom on the definition of a sexual and romantic affair. >> and some tense confrontations with one attorney on the stand. so what could today bring joining us right now is defense attorney and former prosecutor randy's ellen,...
0
0.0
May 17, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan is joining us now with more on this mat. tell us what the other takeaways are from this report? >> what briana credit card debt is a problem really across all age groups, americans were sitting on 1.1 trillion of credit card debt as of the end of march, believe or not? that's actually down slightly from the end of last year. what's concerning is that more and more people are actually failing to even make the minimum payments. new york fed found that the rate of severe delinquencies, people who are at least 90 days late that has climbed to a 12 year high and listen, this is a reflection of the fact that people are struggling with the high cost of living right now. i mean, food groceries, de care. it is tough out there and some people, unfortunately, turning to credit card debt. i spoke to a 28 year-old woman from jackson, mississippi who said that she fell into credit card debt in college and she just hasn't been able to get out. she said she's got seven maxed out credit cards, $30,000 in credit card debt, and she's not alone
cnn's matt egan is joining us now with more on this mat. tell us what the other takeaways are from this report? >> what briana credit card debt is a problem really across all age groups, americans were sitting on 1.1 trillion of credit card debt as of the end of march, believe or not? that's actually down slightly from the end of last year. what's concerning is that more and more people are actually failing to even make the minimum payments. new york fed found that the rate of severe...
0
0.0
May 30, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan is here. matt, what is going on with us? >> kate, we know a lot of people would love to buy right now, but they don't have enough saved up for a down payment. so a major mortgage lender is offering what they see as a solution here. this is from united wholesale mortgage. they have launched a 0% down mortgage program. it's opened the first it's time home buyers and lower income borrowers. essentially, it's two loans. the first one would cover up to 97% of the home value. the second one is for the remaining 3% up to $15,000. but experts are stressing, you really need to understand and read the fine print here. because if home prices stopped going thank to the moon, this could really backfire. so here's the deal. the second loan, it's interest-free, which is great. >> but it does have to be paid back in full if the home is sold, if the mortgages refinanced, or if the mortgage is paid off. now the issue here is that homeowners they're going to start with no equity at all. so sure. in prices are so
egan is here. matt, what is going on with us? >> kate, we know a lot of people would love to buy right now, but they don't have enough saved up for a down payment. so a major mortgage lender is offering what they see as a solution here. this is from united wholesale mortgage. they have launched a 0% down mortgage program. it's opened the first it's time home buyers and lower income borrowers. essentially, it's two loans. the first one would cover up to 97% of the home value. the second...
0
0.0
May 22, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan is joining us right now. matt first, where is this gas coming from? and will this really do anything to lower the gas prices well, if this is not likely to be a game changer, but maybe we don't need a game changer because as prices, they've actually been pretty calm lately. >> now, this gasoline is coming from emergency stockpile here in the northeast. it's called the northeast gasoline supply reserve. >> it was formed in 2014 after superstorm sandy cause all kinds of disruptions to the energy market. unlike the much larger strategic petroleum reserve, this is a relatively small reserve. it's never been used before and it's actually quite expensive to maintain. that's why congress passed legislation earlier this year we're acquiring the biden administration to shut this reserve down. >> so this move announced yesterday by the energy department, it's not really an emergency response from us officials. >> it's really just doing what they were required to do now experts tell me that this is not likely to move th
egan is joining us right now. matt first, where is this gas coming from? and will this really do anything to lower the gas prices well, if this is not likely to be a game changer, but maybe we don't need a game changer because as prices, they've actually been pretty calm lately. >> now, this gasoline is coming from emergency stockpile here in the northeast. it's called the northeast gasoline supply reserve. >> it was formed in 2014 after superstorm sandy cause all kinds of...
0
0.0
May 15, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan is joining us now. matt, what do you what do you hearing from experts? >> well, sir, there's been this long running debate over how much to blame greedflation, right? which is this notion that companies are taking advantage and their price gouging something that progressives point too frequently. now, new research from the san francisco fed finds that, yes, there is evidence that some companies did jack up prices above their production costs. this so-called marco we saw this in 2021 and 2022, especially in cars, gasoline car repair, and laundry. >> but we know that inflation is a broader problem than just gas and laundry read this is a qanon me wide and so the researchers fed that when you zoom out you really look at pricing patterns at the economy as a whole. >> there is no evidence that price gouging was a leading cause of inflation. they wrote quote, rising markups have not been a major driver of the recent surge in subsequent decline in inflation during the current recovery. in fact, they found that the pattern of markups was really not unusual when
cnn's matt egan is joining us now. matt, what do you what do you hearing from experts? >> well, sir, there's been this long running debate over how much to blame greedflation, right? which is this notion that companies are taking advantage and their price gouging something that progressives point too frequently. now, new research from the san francisco fed finds that, yes, there is evidence that some companies did jack up prices above their production costs. this so-called marco we saw...
0
0.0
May 15, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
let's get to cnn's matt egan to dig into this new government data on the economy. first, matt, let's talk about the markets, how they're responding well, briana alex, i think investors are relieved relieved that in that inflation is finally moving in the right direction again, of course that direction being lower. so we do see the dow is just about 150 points away from that 40,000 milestone on track to close at record highs also, record close as possible for the s&p 500 and as dak now, today's inflation report showed that consumer prices were up by 0.3% between march and april, that it's cooler than expected, cooler than the month before annually consumed versus up by 3.4%. now that's not great. that's above pre-covid trends. but this is an improvement from the month before, and it is miles away from that 9% inflation reading from two years ago. and when you dig into this report, you do see some positive trends here. consumers are catching a break on food prices. finally, we saw month over month price drops for groceries, new cars use cars and airfare. also, core i
let's get to cnn's matt egan to dig into this new government data on the economy. first, matt, let's talk about the markets, how they're responding well, briana alex, i think investors are relieved relieved that in that inflation is finally moving in the right direction again, of course that direction being lower. so we do see the dow is just about 150 points away from that 40,000 milestone on track to close at record highs also, record close as possible for the s&p 500 and as dak now,...
0
0.0
May 4, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan has more victor an amara, the runaway train jobs market may finally be slowing down. >> and that, that may not be such a terrible thing because look, the blockbuster gains of recent months that was not sustainable and those rapid gains in the jobs market, they were actually fueling fears about inflation and interest interest rates. now, the new numbers, they show that the us added 175,000 jobs in april. at any other time that would qualify as strong but this jobs market has been so hot that this is actually a cooldown it's roughly half the pace of the prior month when we look at wages, we can see that paychecks are still growing faster than prices. that's good news for main street, but also good news for wall street is annual wage growth, 0s below 4% for the first time in nearly three years, that, that is what the fed wants to see is they searched for science at the jobs market is coming into better balance between supply and demand. >> now, this is just one month. >> it's too early to call a trend still for this one month, this does look like the goldilocks jobs report that many
egan has more victor an amara, the runaway train jobs market may finally be slowing down. >> and that, that may not be such a terrible thing because look, the blockbuster gains of recent months that was not sustainable and those rapid gains in the jobs market, they were actually fueling fears about inflation and interest interest rates. now, the new numbers, they show that the us added 175,000 jobs in april. at any other time that would qualify as strong but this jobs market has been so...
0
0.0
May 31, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan, mat, walk us through the numbers. well, pour some briana inflation still seems to be sort of stuck, not as bad as that nightmare from two years ago, but not back to normal yet either. >> now, today's report is the pce inflation data. >> i know there's a lot of different indicators out there follow this one closely because it's the one that the fed uses to determine whether to lower or increase interest rates. and it found that month over month prices were up by 0.3%. no improvement there. the big number is year over year, two 2.7%. again, no improvement from the month before. and when you look at the trend which it is really important, you can see that two things really stand out, right one inflation has gotten a lot better than the middle of that chart that was 2022 the other thing though that stands out is that this progress of late has really stalled out and 2.7% inflation where we are now, that is well above the 2% that the fed is tara we're getting now the good news from this report is that when you zoom in core
egan, mat, walk us through the numbers. well, pour some briana inflation still seems to be sort of stuck, not as bad as that nightmare from two years ago, but not back to normal yet either. >> now, today's report is the pce inflation data. >> i know there's a lot of different indicators out there follow this one closely because it's the one that the fed uses to determine whether to lower or increase interest rates. and it found that month over month prices were up by 0.3%. no...
0
0.0
May 17, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan has details on this report and it's not just gen z that has trouble with credit card debt. that's for sure. >> that's definitely right. k this is really a problem across all age groups. americans are now sitting on one trillion of credit card debt. and what's concerning is that a growing number of people they're failing to even make the minimum payments. the new york fed found that serious delinquencies, people who are 90 days late or more, that has climbed to 12-year highs. and there's this direct link between failure to make your payments and maxing out your credit cards. you could see maxing out credit cards. jen zeros 15%, roughly one in seven have maxed out triple the pace of baby boomers. i spoke to a 28 year-old woman from jackson, mississippi who said that she fell into credit card debt in college. she hasn't been able to get out. she's had to delay life events. she's now this stout seven credit cards, $30,000 in credit card debt, and she's not loan here and part of the problem is interest rates are very high. what we can see here is this chart shows that the number
egan has details on this report and it's not just gen z that has trouble with credit card debt. that's for sure. >> that's definitely right. k this is really a problem across all age groups. americans are now sitting on one trillion of credit card debt. and what's concerning is that a growing number of people they're failing to even make the minimum payments. the new york fed found that serious delinquencies, people who are 90 days late or more, that has climbed to 12-year highs. and...
0
0.0
May 23, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan has much more on this, especially when it comes to first-time homebuyers is it just keeping them out of the market? >> is kait aid is so tough out their buyers just faced this impossible one-two punch of high rates and even higher prices. let's look at these pricing numbers just over $407,000 as the medium price up 6% from a year ago. this is the highest prize ever recorded in april. now let's look at the trend here. this time a year ago, prices were actually falling year over year for a bit. and then clearly that trend has stopped. we now have ten consecutive months where prices are rising on an annual basis. in fact, the heating up. this is the biggest year-over-year increase in over a year. and look, this is happening across the country. all four major regions, seeing price gains, although at different speeds, 4% up year over year in the south, but twice that here in the northeast and look at the west on fire again, a 9% year-over-year increase, two over $600,000. again, that's the median price. that means half the homes were actually selling for more than, than that. >> now,
egan has much more on this, especially when it comes to first-time homebuyers is it just keeping them out of the market? >> is kait aid is so tough out their buyers just faced this impossible one-two punch of high rates and even higher prices. let's look at these pricing numbers just over $407,000 as the medium price up 6% from a year ago. this is the highest prize ever recorded in april. now let's look at the trend here. this time a year ago, prices were actually falling year over year...
0
0.0
May 23, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan joining me now with more on what to expect them in the last time we saw here when like this, it didn't really go well for are some of the president's right at these universities that's right number i think we can expect some fireworks and a good amount of good old fashion political theater. this is the third hearing on campus antisemitism. >> the first one was back in december and dan one wins so terribly for the university cities that within weeks two of the three presidents from harvard and pen, we're out of jobs then there was the columbia hearing last month. they're really set the stage for those who historic protests on campus. now we're talking about rutgers. you seal that n northwestern and look, i think that these college presidents, they have the advantage of going after the other her earrings, so they kind of know the line of questioning, but they also the disadvantage of testifying at a moment of his historic turmoil on campus. and these presidents, they are facing pressure really from all sides, right? i mean, republicans and donors have accused them of sort of allow
egan joining me now with more on what to expect them in the last time we saw here when like this, it didn't really go well for are some of the president's right at these universities that's right number i think we can expect some fireworks and a good amount of good old fashion political theater. this is the third hearing on campus antisemitism. >> the first one was back in december and dan one wins so terribly for the university cities that within weeks two of the three presidents from...
0
0.0
May 10, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan joy, it's been out with all of the good news. you talk us through these numbers okay. >> listen, it is tough out there for homebuyers historically tough. >> we've got inventory is low, home prices are high, and mortgage rates are even higher that's why just 21% of americans say that it is a good time to buy a home right now, according to gallup, that is tied with last year for the lowest reading and the gallup has ever seen 76%. >> it's tied with last time, last year, 76% say it is a bad time to buy a home that is just off the record high of 78% last year and it listen, it is hard to get 76% americans to agree on anything, but they agree on this. >> one of the big factor there's here i mentioned is home prices. now, the latest reading shows that home prices were up by 5% in march to $393,000. that is the highest price that we've ever seen in march. now, this cuts both ways, right? if you already own your home, this means you're rich right? on paper gives you another source to borrow against. >> but when you sell your house, you c
cnn's matt egan joy, it's been out with all of the good news. you talk us through these numbers okay. >> listen, it is tough out there for homebuyers historically tough. >> we've got inventory is low, home prices are high, and mortgage rates are even higher that's why just 21% of americans say that it is a good time to buy a home right now, according to gallup, that is tied with last year for the lowest reading and the gallup has ever seen 76%. >> it's tied with last time,...
0
0.0
May 14, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
matt egan, thank you so much. thank you, sir. >> all right. coming up expected grilling at court in donald trump's criminal trial cross-examination was former lawyer and fixer, michael cohen. good start this morning. this is after cohen spilled the beans during direct examination saying trump knew all about the hush money transactions to keep the voting power public from knowing ellen degenerate says she has one more standup special for you and she promises to have some laughs about the controversial end of her talk show. we'll discuss all of that coming up cnn business update he is brought to you by age dp. >> always designing for people last month massive solar flare added a 25th hour to the day. >> businesses are wondering what should we do with them. >> making eggs 2057 right so chris box, around 20% with the additional hours within extra hour, i'm thinking of py power now, let's put it through a book this is going to wreak havoc on overtime approvals. >> anything can change the world of working from hr to payroll adp designs, forward-thin
matt egan, thank you so much. thank you, sir. >> all right. coming up expected grilling at court in donald trump's criminal trial cross-examination was former lawyer and fixer, michael cohen. good start this morning. this is after cohen spilled the beans during direct examination saying trump knew all about the hush money transactions to keep the voting power public from knowing ellen degenerate says she has one more standup special for you and she promises to have some laughs about the...
0
0.0
May 29, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan has much more on this. okay, so what kind of boost are we actually talking about here? map? well it is notable that consumer confidence did finally go in the right direction. >> for three straight months of declines, the reading in may 1 oh up significantly from april. this was unexpected because some other consumer surveys, most notably university of michigan's consumer sentiment survey, they actually got worse recently, this confidence measure though, is particularly sensitive to the jobs market and the fact that gas prices have been tamed and the dow hit 40,000. all of that helps, but let's look at the trend. what stands out to me here is that confidence really remains pretty subdued when you zoom out, right even though the stock market has never been higher, unemployment is historically low. americans are feeling worse than they did in 2021. and really worse than they did pre-covid under trump. and of course, a lot of this goes to the cost of living when you dig into this report, there's some mixed sign
cnn's matt egan has much more on this. okay, so what kind of boost are we actually talking about here? map? well it is notable that consumer confidence did finally go in the right direction. >> for three straight months of declines, the reading in may 1 oh up significantly from april. this was unexpected because some other consumer surveys, most notably university of michigan's consumer sentiment survey, they actually got worse recently, this confidence measure though, is particularly...
0
0.0
May 22, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
egan is, with us this morning. >> john i don't really think that this move is going to be a game changer, but arguably we don't really need a game changer because gas prices, they've actually been pretty well-behaved. >> so here's what's going on. we see 3601 and gallon is the national average, the biden administration announcing the release of 1 million barrels from this northeast emergency we're talking about the northeast gasoline supply reserve. >> it was formed in 2014 after superstorm sandy, two years before caused all kinds of chaos. >> it holds gas in new jersey and in maine, only about a million barrels of gas. it's never been used before. it's actually very expensive to maintain. that's why congress, earlier this year required the energy department to sell gasoline from here. so this is really not an emergency move as much as something they had to do. there just timing it for the peak of summer driving season. now, i've talked to gasbuddy. is patrick to khan. he told me this is really not going to move the needle much for gas prices because although a million gallons, million b
egan is, with us this morning. >> john i don't really think that this move is going to be a game changer, but arguably we don't really need a game changer because gas prices, they've actually been pretty well-behaved. >> so here's what's going on. we see 3601 and gallon is the national average, the biden administration announcing the release of 1 million barrels from this northeast emergency we're talking about the northeast gasoline supply reserve. >> it was formed in 2014...
0
0.0
May 15, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
that is down a bit from 3.5% in march cnn reporter matt egan has been digging into the numbers. all right, map first talked to us about how the markets are reacting to this well, briana, alex, investors are loving it because this does keep alive hopes for interest rate cuts later this year. >> the s&p 500 and nasdaq are on track to close at record highs and look at that. the dow is just 150 points away from crossing the 40,000 level for the first time ever. now, i do think that the latest inflation report, it's not just good news for wall street's also good news for main street. we learned that consumer prices, as you mentioned, up by 3.4% year over year in april. now, that's not great. it's still above the pre-covid trend, but this is an improvement from the month before. and of course, it is miles away from that spike. on the middle of your screen there back two years ago when we had 9% inflation, when you dig into the numbers, there are some other positives here as well. we saw that grocery prices fell month over month. price has also dropped for new cars, used cars, and airf
that is down a bit from 3.5% in march cnn reporter matt egan has been digging into the numbers. all right, map first talked to us about how the markets are reacting to this well, briana, alex, investors are loving it because this does keep alive hopes for interest rate cuts later this year. >> the s&p 500 and nasdaq are on track to close at record highs and look at that. the dow is just 150 points away from crossing the 40,000 level for the first time ever. now, i do think that the...
0
0.0
May 21, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
cnn's matt egan has more on that. he's here with us now. what does this report saying that well, keith donald trump number he loves tariffs so much that he called himself the tariff man and he's promised missing that the school is gonna be even bigger than the original. he's promising to impose a 60% tariff on chinese goods. that's massive. it would hit everything from toys and furniture, two iphones. he also wants a 10% tariff on us import as you mentioned, he's champion tariffs as a way to protect middle-class, working class americans. but this new research from the peterson institute finds would actually do the opposite, saying that his terrorists would cost consumers 500 billion a year. that's 1.8% of gdp. >> that's huge. some contexts, it's almost five times bigger than the cost of the last terrorist during the trump administration. >> and the average family be typical middle-income family would get $1,700 in costs here. now, it's hard to make out how much of trump's tariff talk is just bluster and how much of it is real. but we do kno
cnn's matt egan has more on that. he's here with us now. what does this report saying that well, keith donald trump number he loves tariffs so much that he called himself the tariff man and he's promised missing that the school is gonna be even bigger than the original. he's promising to impose a 60% tariff on chinese goods. that's massive. it would hit everything from toys and furniture, two iphones. he also wants a 10% tariff on us import as you mentioned, he's champion tariffs as a way to...
0
0.0
May 10, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
matt egan. thank you for the report how does an ordinary airliner become a so-called doomsday plane ahead, we'll look at how these commercial jets could become a pentagon in the sky every piece of evidence tells a story how would really happen jesse l on sundays at night, on cnn he there, brenda. it's carroll actually, which like are we operating on? >> you mean arm? >> it's all connected, asking the right question can greatly impact your future. >> you share your an orthopedist actually, i'm a sagittarius, especially when it comes to your finances. give a question are us certified financial planner? yes. i'm a cfp professional. >> cop professionals are committed to acting in your best intert. that's why it's gotta be a cfp bind your cfp professional. let's make a plan doubt or and the furniture business things move fast, ziprecruiter helps us hire qualified candidates who keep up. we needed a project manager yesterday, we posted a job and ziprecruiter and had our guy onsite is five days. he was
matt egan. thank you for the report how does an ordinary airliner become a so-called doomsday plane ahead, we'll look at how these commercial jets could become a pentagon in the sky every piece of evidence tells a story how would really happen jesse l on sundays at night, on cnn he there, brenda. it's carroll actually, which like are we operating on? >> you mean arm? >> it's all connected, asking the right question can greatly impact your future. >> you share your an...
0
0.0
May 21, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
. >> but a new report out this week suggests it would actually do the opposite as soon as matt egan has more on this new research, mountain walk us through what's in the report well, porous and jessica, remember donald trump loves tariffs so much that he nicknamed himself the tariff man. and he is vowing to go even bigger if he gets reelected, he's floated 60% tariff on chinese imports. that is massively everything from toys and furniture two iphones, he's also wants a 10% tariff on all us imports, all of them now, new research from the peterson institute finds that really consumers would be the ones paying the price that there'd be $500 billion in annual consumer cost that is 1.8% of gdp. some contexts, it's almost five times the size of the costs from the last trade war. and for a typical family, this would amount to at least $1,700 a year in additional cost. now, i say at least because the researchers say that this is really just the tip of the iceberg. >> it doesn't even an account for almost definite retaliation from our trading partners. do you recall during the last trading war e
. >> but a new report out this week suggests it would actually do the opposite as soon as matt egan has more on this new research, mountain walk us through what's in the report well, porous and jessica, remember donald trump loves tariffs so much that he nicknamed himself the tariff man. and he is vowing to go even bigger if he gets reelected, he's floated 60% tariff on chinese imports. that is massively everything from toys and furniture two iphones, he's also wants a 10% tariff on all...